[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.06.17 17:52
• [Over 50000 kilometers of 220 kV and above transmission lines in Xinjiang]
• As of the end of May 2026, the total length of 220 kV and above transmission lines in Xinjiang power grid has exceeded 50000 kilometers, forming a backbone network of ultra-high voltage AC/DC hybrid connection and coordinated internal supply and external transmission. Xinjiang Power Grid has built 39 750 kV substations with a total length of 14800 kilometers, 1113.92 kilometers of 800 kV and above ultra-high voltage transmission lines, and 182 220 kV substations, forming a modern power supply network that promotes mutual assistance between the north and south, east-west communication, safety and reliability, and flexible allocation.Editor/Gong Ziwei

• 2026.06.17 17:45
• [China's domestically produced high-end carbon fiber achieves mass production]
• The Wuhan Institute of Technology laboratory has successfully produced tens of thousands of meters of large fiber bundles of carbon fibers, and China has achieved mass production of T1000 and above high-performance carbon fibers. This material has extremely high strength and has long been blocked by foreign technology. Zhongfu Shenying is the world's first enterprise to achieve mass production of 100 tons of T1200 grade carbon fiber, and China has completed decades of industrialization process abroad in a short period of time. The breakthrough in high-performance carbon fiber is not only a significant achievement in the field of new materials, but will also reshape the trillion dollar global supply chain.Editor/Gong Ziwei